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Entries in GDP (18)

Tuesday
Mar042014

ALG's Daily Grind - Adegbile for DOJ post tough vote for Senate Democrats 

6

March 3, 2014
Permission to reprint original opeds granted.

Adegbile for DOJ post tough vote for Senate Democrats
Pennsylvania Democrat Bob Casey comes out against embattled nominee, Debo Adegbile, an Obama pick to head the Civil Rights Division at the Justice Department.

NYC Mayor takes aim at Harlem children
Bill de Blasio terminates land usage agreements with one existing school in Harlem and three more New York City charters previously approved to begin teaching in September, leaving at least 700 kids without a school next year.

Zerohedge.com: Revised Q4 GDP tumbles 26percent from initial estimate to 2.4 percent; personal consumption hit
Te Bureau of Economic Analysis revised downward its estimate of fourth quarter GDP from 3.2 percent to 2.4 percent, moving 2013's GDP number down to 1.9 percent.

Wednesday
Aug142013

CEI - New Report: Praying for Growth at the GDP Altar; The Perils of Confusing GDP Growth Figures with the Real Economy 

 



CEI WebMemo

August, 2013

Praying for Growth at the GDP Altar
The Perils of Confusing GDP Growth Figures with the Real Economy

 

Would "Marshall Plan" -type fiscal stimulus help Greece's economic woes?  In a new report, Matthew Melchiorre of the Competitive Enterprise Institute refutes such claims put forward by economists:

"Pumping money into the Greek economy may boost GDP and even spur hiring for a short time, but it will not lead to self-sustaining growth driven by private investment over the long run. Only fundamentally reforming the Greek economy can accomplish that.

"When economists treat GDP as the be-all end-all metric to evaluate economic performance, they often propose ways to improve GDP figures, rather than the actual economy. Although GDP may be the best of limited measures in assessing total economic output, it is only a proxy, and proxies are imperfect.

 

"If Greek policy makers really want their country’s economy to recover, they should pursue austerity and market reforms with zeal."

-- View the CEI WebMemo

 

-- Interview the author

 

-- More about Matthew Melchiorre

 

 


Friday
Mar292013

CEI Today: Monsanto Protection Act?, CEI lawyer wins case on trial lawyer fees, and the Gross Distorted Product 

MONSANTO PROTECTION ACT? - GREGORY CONKO

CEI.org:
Greens Falsely Sow Seeds of Doubt on Farmer Assurance Provision


During negotiations on the continuing budget resolution last weekend, farm state senators inserted a rider they call the “Farmer Assurance Provision,” which critics have derided as the “Monsanto Protection Act.” The provision codifies existing USDA practices and elements of a 2010 Supreme Court ruling that lower courts should not automatically prohibit the planting of biotech crop varieties, or the harvest and sale of biotech crops already planted, when their commercial approval is revoked for procedural reasons. Activists have mischaracterized the rider’s actual effect and have called on Congress to repeal it.

All the Farmer Assurance rider does is codify existing case law and agency practice.
> Read more


> Interview Gregory Conko

TRIAL LAWYER FEES - SAM KAZMAN
   
CEI.org: CEI Lawyer Wins Fight Against Sky-High Class Action Attorney Fees in Groundless Merger Challenge

 

In a victory for shareholders over baseless class actions, a Texas appeals court has ruled that trial lawyers were wrongly awarded several hundred thousand dollars in attorney fees in return for making trivial changes to a proxy statement.

The case arose from a 2011 merger between Frontier Oil and the Holly Corporation. The shareholders were overwhelmingly satisfied with the proposed merger.  But, as is the case with more than 95 percent of mergers, several trial lawyers saw this as a money-making opportunity and filed class-action challenges to the merger, alleging deficiencies in the proxy statements. Plaintiffs and the companies quickly settled, with the companies agreeing to issue a 1,300-word proxy supplement consisting of immaterial tweaks to the original disclosure. In return, the plaintiff class lawyers would receive over $600,000 in fees—nearly $500 per word. >
Read more


> Interview Sam Kazman



CNBC Squak on the Street with Rick Santelli

GDP: Gross Distorted Product? 


The economy expanded at a sluggish pace in Q4. Bill Frezza, Forbes, and CNBC's Rick Santelli discuss whether the economy is as bad as the numbers indicate. > View the CNBC interview

 > Interview Bill Frezza

 

CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government.  For more information about CEI, please visit our website, cei.org, and blogs, Globalwarming.org and OpenMarket.org.  Follow CEI on Twitter! Twitter.com/ceidotorg.

Monday
Oct292012

ALG's Daily Grind - Government spending's misleading impact on GDP 

Oct. 29, 2012

Government spending's misleading impact on GDP

Because spending is included as a component of the Gross Domestic Product by the Bureau of Economic Analysis, if the budget had been balanced this year, the economy would have "contracted" anywhere from 4.2 percent to 12 percent.

Obama's Blunders: Who's The Real BSer?

Our President has used foul language to indirectly describe his opponent. It seems as if he was describing himself, however.

Obama's war on coal backfires

There is indeed a war on coal and it just so happens to impact those states where President Obama desperately needs more support: Ohio, Pennsylvania, and West Virginia.

CNN Talks With Obama Camp And Says Obama's Math 'Still Doesn't Add Up'

$4 trillion in deficit reduction? CNN's Erin Burnett takes Team Obama to task for this whopper.

Saturday
Oct272012

ALG - One-fifth of 2 percent GDP growth was increased government spending

Oct. 26, 2012, Fairfax, VA-Americans for Limited Government President Bill Wilson today issued the following statement on the Bureau of Economic Analysis' advance estimate of the Gross Domestic Product (GDP) in the 3rd quarter showing 2 percent growth:

"Today's report shows that the GDP grew by $190.1 billion at a 2 percent rate in the third quarter. There's only one problem. $38 billion of that, or 20 percent, was an increase in government spending. That means without government included, the private sector only expanded by a tepid 1.6 percent. This is the best the Obama economy can do: increase government spending, meanwhile the private economy continues to flounder.

"This dismal reality poses daunting challenges to restoring full employment in the U.S.  Only 22 million Americans work for government at the federal, state, and local level, just 15 percent of the 143 million people who have jobs.

"There will be no recovery from this depression without a robustly growing private sector, because we cannot all work for the government. It is time for new leadership on the economy from somebody who knows how to get the private sector moving again - because that is the only way out of this mess."

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Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at www.GetLiberty.org.